DROPBOX INC-CLASS A (DBX) Fundamental Analysis & Valuation

NASDAQ:DBX • US26210C1045

Current stock price

24.36 USD
+0.09 (+0.37%)
At close:
24.36 USD
0 (0%)
After Hours:

This DBX fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

8

1. DBX Profitability Analysis

1.1 Basic Checks

  • In the past year DBX was profitable.
  • In the past year DBX had a positive cash flow from operations.
  • Each year in the past 5 years DBX has been profitable.
  • DBX had a positive operating cash flow in each of the past 5 years.
DBX Yearly Net Income VS EBIT VS OCF VS FCFDBX Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 500M

1.2 Ratios

  • DBX has a better Return On Assets (17.87%) than 93.38% of its industry peers.
  • DBX has a better Return On Invested Capital (62.16%) than 99.63% of its industry peers.
  • Measured over the past 3 years, the Average Return On Invested Capital for DBX is significantly above the industry average of 10.91%.
  • The 3 year average ROIC (33.41%) for DBX is below the current ROIC(62.16%), indicating increased profibility in the last year.
Industry RankSector Rank
ROA 17.87%
ROE N/A
ROIC 62.16%
ROA(3y)15.56%
ROA(5y)15.07%
ROE(3y)N/A
ROE(5y)N/A
ROIC(3y)33.41%
ROIC(5y)25.98%
DBX Yearly ROA, ROE, ROICDBX Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 -100 -200

1.3 Margins

  • Looking at the Profit Margin, with a value of 20.17%, DBX belongs to the top of the industry, outperforming 87.50% of the companies in the same industry.
  • DBX's Profit Margin has declined in the last couple of years.
  • The Operating Margin of DBX (27.43%) is better than 92.28% of its industry peers.
  • In the last couple of years the Operating Margin of DBX has grown nicely.
  • Looking at the Gross Margin, with a value of 80.15%, DBX belongs to the top of the industry, outperforming 81.25% of the companies in the same industry.
  • In the last couple of years the Gross Margin of DBX has remained more or less at the same level.
Industry RankSector Rank
OM 27.43%
PM (TTM) 20.17%
GM 80.15%
OM growth 3Y21.24%
OM growth 5Y34.07%
PM growth 3Y-5.37%
PM growth 5YN/A
GM growth 3Y-0.31%
GM growth 5Y0.46%
DBX Yearly Profit, Operating, Gross MarginsDBX Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 20 -20 40 60 80

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3

2. DBX Health Analysis

2.1 Basic Checks

  • The Return on Invested Capital (ROIC) is well above the Cost of Capital (WACC), so DBX is creating value.
  • The number of shares outstanding for DBX has been reduced compared to 1 year ago.
  • Compared to 5 years ago, DBX has less shares outstanding
  • Compared to 1 year ago, DBX has a worse debt to assets ratio.
DBX Yearly Shares OutstandingDBX Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 100M 200M 300M 400M
DBX Yearly Total Debt VS Total AssetsDBX Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 1B 2B 3B

2.2 Solvency

  • DBX has an Altman-Z score of 0.27. This is a bad value and indicates that DBX is not financially healthy and even has some risk of bankruptcy.
  • DBX has a worse Altman-Z score (0.27) than 69.12% of its industry peers.
  • The Debt to FCF ratio of DBX is 3.42, which is a good value as it means it would take DBX, 3.42 years of fcf income to pay off all of its debts.
  • The Debt to FCF ratio of DBX (3.42) is better than 61.76% of its industry peers.
Industry RankSector Rank
Debt/Equity N/A
Debt/FCF 3.42
Altman-Z 0.27
ROIC/WACC6.28
WACC9.89%
DBX Yearly LT Debt VS Equity VS FCFDBX Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 1B -1B 2B

2.3 Liquidity

  • DBX has a Current Ratio of 0.63. This is a bad value and indicates that DBX is not financially healthy enough and could expect problems in meeting its short term obligations.
  • Looking at the Current ratio, with a value of 0.63, DBX is doing worse than 90.07% of the companies in the same industry.
  • A Quick Ratio of 0.63 indicates that DBX may have some problems paying its short term obligations.
  • DBX has a worse Quick ratio (0.63) than 89.71% of its industry peers.
Industry RankSector Rank
Current Ratio 0.63
Quick Ratio 0.63
DBX Yearly Current Assets VS Current LiabilitesDBX Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 500M 1B 1.5B

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WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

3

3. DBX Growth Analysis

3.1 Past

  • The Earnings Per Share has grown by an nice 12.75% over the past year.
  • DBX shows a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 24.93% yearly.
  • DBX shows a decrease in Revenue. In the last year, the revenue decreased by -1.07%.
  • DBX shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 5.66% yearly.
EPS 1Y (TTM)12.75%
EPS 3Y21.19%
EPS 5Y24.93%
EPS Q2Q%-6.85%
Revenue 1Y (TTM)-1.07%
Revenue growth 3Y2.74%
Revenue growth 5Y5.66%
Sales Q2Q%-1.15%

3.2 Future

  • The Earnings Per Share is expected to grow by 1.64% on average over the next years.
  • Based on estimates for the next years, DBX will show a decrease in Revenue. The Revenue will decrease by -0.44% on average per year.
EPS Next Y6.2%
EPS Next 2Y9.65%
EPS Next 3Y5.39%
EPS Next 5Y1.64%
Revenue Next Year-0.51%
Revenue Next 2Y-0.43%
Revenue Next 3Y-0.47%
Revenue Next 5Y-0.44%

3.3 Evolution

  • When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
  • The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
DBX Yearly Revenue VS EstimatesDBX Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2017 2019 2021 2023 2025 2027 2029 2031 2033 500M 1B 1.5B 2B 2.5B
DBX Yearly EPS VS EstimatesDBX Yearly EPS VS EstimatesYearly EPS VS Estimates 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 2033 1 2 3

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8

4. DBX Valuation Analysis

4.1 Price/Earnings Ratio

  • DBX is valuated reasonably with a Price/Earnings ratio of 8.61.
  • Based on the Price/Earnings ratio, DBX is valued cheaper than 90.07% of the companies in the same industry.
  • When comparing the Price/Earnings ratio of DBX to the average of the S&P500 Index (27.95), we can say DBX is valued rather cheaply.
  • The Price/Forward Earnings ratio is 8.11, which indicates a very decent valuation of DBX.
  • DBX's Price/Forward Earnings ratio is rather cheap when compared to the industry. DBX is cheaper than 89.34% of the companies in the same industry.
  • The average S&P500 Price/Forward Earnings ratio is at 38.68. DBX is valued rather cheaply when compared to this.
Industry RankSector Rank
PE 8.61
Fwd PE 8.11
DBX Price Earnings VS Forward Price EarningsDBX Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30

4.2 Price Multiples

  • Based on the Enterprise Value to EBITDA ratio, DBX is valued cheaper than 89.34% of the companies in the same industry.
  • Based on the Price/Free Cash Flow ratio, DBX is valued cheaply inside the industry as 95.22% of the companies are valued more expensively.
Industry RankSector Rank
P/FCF 6.25
EV/EBITDA 9.2
DBX Per share dataDBX EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 5 -5 10

4.3 Compensation for Growth

  • The PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
  • The excellent profitability rating of DBX may justify a higher PE ratio.
PEG (NY)1.39
PEG (5Y)0.35
EPS Next 2Y9.65%
EPS Next 3Y5.39%

More info and screens

Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

0

5. DBX Dividend Analysis

5.1 Amount

  • No dividends for DBX!.
Industry RankSector Rank
Dividend Yield 0%

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Find the best dividend stocksShow peers with best dividend

DBX Fundamentals: All Metrics, Ratios and Statistics

DROPBOX INC-CLASS A

NASDAQ:DBX (4/20/2026, 8:00:01 PM)

After market: 24.36 0 (0%)

24.36

+0.09 (+0.37%)

Chartmill FA Rating
GICS IndustryGroupSoftware & Services
GICS IndustrySoftware
Earnings (Last)02-19
Earnings (Next)04-30
Inst Owners127.74%
Inst Owner Change0.24%
Ins Owners7.91%
Ins Owner Change6.29%
Market Cap5.81B
Revenue(TTM)2.52B
Net Income(TTM)508.40M
Analysts50
Price Target26.08 (7.06%)
Short Float %19.03%
Short Ratio6.5
Dividend
Industry RankSector Rank
Dividend Yield 0%
Yearly DividendN/A
Dividend Growth(5Y)N/A
DPN/A
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)6.54%
Min EPS beat(2)-0.04%
Max EPS beat(2)13.12%
EPS beat(4)3
Avg EPS beat(4)8.96%
Min EPS beat(4)-0.04%
Max EPS beat(4)13.12%
EPS beat(8)7
Avg EPS beat(8)11.54%
EPS beat(12)11
Avg EPS beat(12)11.27%
EPS beat(16)15
Avg EPS beat(16)9.5%
Revenue beat(2)2
Avg Revenue beat(2)0.45%
Min Revenue beat(2)0.16%
Max Revenue beat(2)0.74%
Revenue beat(4)3
Avg Revenue beat(4)0.2%
Min Revenue beat(4)-0.25%
Max Revenue beat(4)0.74%
Revenue beat(8)3
Avg Revenue beat(8)-0.12%
Revenue beat(12)5
Avg Revenue beat(12)-0.05%
Revenue beat(16)5
Avg Revenue beat(16)-0.12%
PT rev (1m)0%
PT rev (3m)-10.57%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-5.8%
EPS NY rev (1m)0%
EPS NY rev (3m)-1.48%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)0.43%
Revenue NY rev (1m)0%
Revenue NY rev (3m)0.12%
Valuation
Industry RankSector Rank
PE 8.61
Fwd PE 8.11
P/S 2.31
P/FCF 6.25
P/OCF 6.11
P/B N/A
P/tB N/A
EV/EBITDA 9.2
EPS(TTM)2.83
EY11.62%
EPS(NY)3.01
Fwd EY12.34%
FCF(TTM)3.9
FCFY16%
OCF(TTM)3.99
OCFY16.37%
SpS10.56
BVpS-7.53
TBVpS-9.58
PEG (NY)1.39
PEG (5Y)0.35
Graham Number0 (-100%)
Profitability
Industry RankSector Rank
ROA 17.87%
ROE N/A
ROCE 72.68%
ROIC 62.16%
ROICexc N/A
ROICexgc N/A
OM 27.43%
PM (TTM) 20.17%
GM 80.15%
FCFM 36.91%
ROA(3y)15.56%
ROA(5y)15.07%
ROE(3y)N/A
ROE(5y)N/A
ROIC(3y)33.41%
ROIC(5y)25.98%
ROICexc(3y)N/A
ROICexc(5y)N/A
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)39.07%
ROCE(5y)30.38%
ROICexgc growth 3YN/A
ROICexgc growth 5YN/A
ROICexc growth 3YN/A
ROICexc growth 5YN/A
OM growth 3Y21.24%
OM growth 5Y34.07%
PM growth 3Y-5.37%
PM growth 5YN/A
GM growth 3Y-0.31%
GM growth 5Y0.46%
F-Score6
Asset Turnover0.89
Health
Industry RankSector Rank
Debt/Equity N/A
Debt/FCF 3.42
Debt/EBITDA 2.74
Cap/Depr 13.6%
Cap/Sales 0.85%
Interest Coverage 6.53
Cash Conversion 112.12%
Profit Quality 183.01%
Current Ratio 0.63
Quick Ratio 0.63
Altman-Z 0.27
F-Score6
WACC9.89%
ROIC/WACC6.28
Cap/Depr(3y)14.87%
Cap/Depr(5y)17.18%
Cap/Sales(3y)0.91%
Cap/Sales(5y)1.11%
Profit Quality(3y)181.01%
Profit Quality(5y)177.91%
High Growth Momentum
Growth
EPS 1Y (TTM)12.75%
EPS 3Y21.19%
EPS 5Y24.93%
EPS Q2Q%-6.85%
EPS Next Y6.2%
EPS Next 2Y9.65%
EPS Next 3Y5.39%
EPS Next 5Y1.64%
Revenue 1Y (TTM)-1.07%
Revenue growth 3Y2.74%
Revenue growth 5Y5.66%
Sales Q2Q%-1.15%
Revenue Next Year-0.51%
Revenue Next 2Y-0.43%
Revenue Next 3Y-0.47%
Revenue Next 5Y-0.44%
EBIT growth 1Y42.2%
EBIT growth 3Y24.56%
EBIT growth 5Y41.66%
EBIT Next Year12.11%
EBIT Next 3Y3.03%
EBIT Next 5Y7.95%
FCF growth 1Y6.77%
FCF growth 3Y6.86%
FCF growth 5Y13.66%
OCF growth 1Y6.45%
OCF growth 3Y6.08%
OCF growth 5Y10.77%

DROPBOX INC-CLASS A / DBX Fundamental Analysis FAQ

What is the ChartMill fundamental rating of DROPBOX INC-CLASS A (DBX) stock?

ChartMill assigns a fundamental rating of 5 / 10 to DBX.


Can you provide the valuation status for DROPBOX INC-CLASS A?

ChartMill assigns a valuation rating of 8 / 10 to DROPBOX INC-CLASS A (DBX). This can be considered as Undervalued.


What is the profitability of DBX stock?

DROPBOX INC-CLASS A (DBX) has a profitability rating of 8 / 10.


Can you provide the PE and PB ratios for DBX stock?

The Price/Earnings (PE) ratio for DROPBOX INC-CLASS A (DBX) is 8.61 and the Price/Book (PB) ratio is -3.23.


How financially healthy is DROPBOX INC-CLASS A?

The financial health rating of DROPBOX INC-CLASS A (DBX) is 3 / 10.